✓
Open
28 Apr to 3 May, 2023
✓
Close
28 Apr to 3 May, 2023
3
Allotment
—
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Listing
Thu, May 11, 2023
Price Band
₹95 to ₹101
Issue Size
22,76,400 shares (agg. up to ₹23 Cr)
Lot Size
1,200 Shares
Listing Date
Thu, May 11, 2023
Latest GMP
₹43
Est. Gain
42.57%
✦ AI Insight
GMP Trend
11-05-2023₹43Est. ₹144+42.57%
10-05-2023₹35Est. ₹136+34.65%
09-05-2023₹18Est. ₹119+17.82%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 15.68x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Oct 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 125.58 | 99.34 | 61.11 | 55.70 |
| Total Income | 56.03 | 80.09 | 62.12 | 73.50 |
| Profit After Tax | 3.87 | 5.04 | 0.66 | 0.44 |
| NET Worth | 30.44 | 23.82 | 3.20 | 7.04 |
| Reserves and Surplus | 4.11 | 6.54 | 3.17 | 7.13 |
| Total Borrowing | 24.06 | 24.36 | 11.48 | 4.85 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Pattech Fitwell Tube Components Ltd. | SME | ₹12.00 Cr | ₹50 | 46.73 | ₹57.75 | +15.50% | ₹114.85 (-1.71%) |
| Maiden Forgings Ltd. | SME | ₹23.84 Cr | ₹63 | 8.38 | ₹59.86 | -4.98% | ₹90.50 (+1.17%) |
| Quality Foils (India) Ltd. | SME | ₹4.52 Cr | ₹60 | 4.16 | ₹97.70 | +62.83% | ₹60.00 (-1.40%) |
| Earthstahl & Alloys Ltd. | SME | ₹12.96 Cr | ₹40 | 4.22 | ₹57.75 | +44.38% | ₹14.92 (+0.00%) |
| Swastik Pipe Ltd. | SME | ₹62.52 Cr | ₹100 | 11.38 | ₹69.30 | -30.70% | ₹17.10 (+4.91%) |
| Rhetan TMT Ltd. | SME | ₹56.00 Cr | ₹70 | 63.64 | ₹66.50 | -5.00% | ₹30.88 (+2.29%) |
| Mangalam Worldwide Ltd. | SME | ₹65.58 Cr | ₹101 | 20.12 | ₹102.55 | +1.53% | ₹36.65 (-0.54%) |
| Venus Pipes & Tubes Ltd. | Mainboard | ₹165.42 Cr | ₹326 | 21.03 | ₹354.35 | +8.70% | ₹1,813.00 (+2.94%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirement including margin money | 18.00 |
| 2 | General Corporate Purpose | 4.49 |
| 3 | Issue Expenses | 0.50 |
About De Neers Tools IPO
Incorporated in 1952, De Neers Tools Limited supplies industrial tools. The company offers spanners, wrenches, pliers, cutters, allen keys, hammers, socketry, screwdrivers, tool kits, tool cabinets, trolleys, etc. The company's brand name is "De Neers". At present, company has approximately 250 dealers throughout India. The company also specializes in providing safety tools like non-sparking tools, insulated steel tools, non-sparking insulated tools, stainless steel & magnetic tools, titanium tools along with multiple other hand tools. De Neers Tools' client list includes Tata Steel, Indian oil, Larsen & Toubro, Assam Petrochemicals, Lohia Corporation, Polycab Cables, Indian Railways, and so on. Competitive Strengths: Experienced directors and management team. Distribution system. Quality and safety of products. Repeat orders. Strong supply chain. + Read More
Contact Details
De Neers Tools Ltd. AddressP.No.468, Ground FloorIndustrial AreaPatparganjDelhi, New Delhi, 110092011 47072555compliance@deneerstools.comVisit Website